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How resilient is mortgage credit supply? : evidence from the COVID-19 pandemic

Fuster, Andreas; Hizmo, Aurel; Lambie-Hanson, Lauren; … - 2021 - This version: May 2021

We study the evolution of US mortgage credit supply during the COVID-19 pandemic. Although the mortgage market … frictions and operational bottlenecks contributed to unusually inelastic credit supply, and that technology-based lenders … flow of credit in the conforming segment. …

Persistent link: https://www.econbiz.de/10012581406

How resilient is mortgage credit supply? : evidence from the Covid-19 pandemic

Fuster, Andreas; Hizmo, Aurel; Lambie-Hanson, Lauren; … - 2021

Persistent link: https://www.econbiz.de/10012593674

Why Don't Lenders Renegotiate More Home Mortgages? Redefaults, Self-Cures, and Securitization

Adelino, Manuel - 2015

alternative theory that argues that information issues endemic to home mortgages, where lenders negotiate with large numbers of …. Consistent with the theory, we show that as the informational asymmetries between borrowers and lenders became less severe over …

Persistent link: https://www.econbiz.de/10013039421

Do borrower rights improve borrower outcomes? : evidence from the foreclosure process

Gerardi, Kristopher; Lambie-Hanson, Lauren; Willen, Paul - 2011 - This version: December 7, 2011

The authors evaluate laws designed to protect borrowers from foreclosure. They find that these laws delay but do not prevent foreclosures. They first compare states that require lenders to seek judicial permission to foreclose with states that do not. Borrowers in judicial states are no more...

Persistent link: https://www.econbiz.de/10009409754

Do borrower rights improve borrower outcomes? : evidence from the foreclosure process

Gerardi, Kristopher; Lambie-Hanson, Lauren; Willen, Paul - 2012 - Rev.

We evaluate the effects of laws designed to protect borrowers from foreclosure. We find that these laws delay but do not prevent foreclosures. We first compare states that require lenders to seek judicial permission to foreclose with states that do not. Borrowers in judicial states are no more...

Persistent link: https://www.econbiz.de/10009382595

Why don't lenders renegotiate more home mortgages? : Redefaults, self-cures, and securitization

Adelino, Manuel; Gerardi, Kristopher; Willen, Paul - 2009

We document the fact that servicers have been reluctant to renegotiate mortgages since the foreclosure crisis started in 2007, having performed payment-reducing modifications on only about 3 percent of seriously delinquent loans. We show that this reluctance does not result from securitization:...

Persistent link: https://www.econbiz.de/10003860024